Storebrand ASA — Earnings Release 2010

Jul 15, 2010

Storebrand Bank Group - Interim results for and of the 1st half year 2010

Main feature:

* Pre-tax profit of NOK 51 million for the first half of 2010

* Improved profitability - good cost control

* Deposit-to-loan ratio above 55 per cent

* Sound portfolio quality - costs due to losses remain low

* Ring Eiendomsmegling developing well

For further information contact:

CEO, Truls Nergaard, mobile +47 916 02 270

Finance director, Lars Syse Christiansen, mobile +47 994 13 172

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1431795]